SoFi Technologies (SOFI) set to report earnings on Tuesday

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SoFi Technologies Inc (NASDAQ:SOFI) is expected to report earnings after market close on Tuesday, March 1. Analysts expect the company to report earnings of ($0.15) per share for the quarter. Investors wishing to register for the company’s conference call can do so using this link.

SOFI opened at $11.39 on Tuesday. The stock’s 50-day moving average price is $13.48 and its 200-day moving average price is $16.12. SoFi Technologies has a 12-month low of $10.51 and a 12-month high of $24.95. The company has a debt ratio of 0.65, a current ratio of 17.58 and a quick ratio of 17.57.

Separately, insider Micah Heavener sold 2,000 shares of the company in a trade dated Thursday, January 20. The stock was sold at an average price of $15.00, for a total value of $30,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available via this link. Additionally, director George Thompson Hutton sold 103,462 shares of the company in a transaction dated Monday, November 29. The shares were sold at an average price of $18.52, for a total value of $1,916,116.24. The disclosure of this sale can be found here. Insiders hold 35.10% of the shares of the company.

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Hedge funds have recently changed their stock holdings. NEXT Financial Group Inc increased its stake in SoFi Technologies by 32.0% in the 4th quarter. NEXT Financial Group Inc now owns 5,169 shares of the company worth $82,000 after purchasing an additional 1,253 shares in the last quarter. SkyView Investment Advisors LLC acquired a new stake in the shares of SoFi Technologies during the 4th quarter at a value of $158,000. Visionary Wealth Advisors acquired a new equity stake in SoFi Technologies during Q4 valued at $180,000. Paradigm Financial Partners LLC acquired a new stake in the shares of SoFi Technologies during the 4th quarter at a value of $174,000. Finally, Zullo Investment Group Inc. acquired a new equity stake in SoFi Technologies during Q4 at a value of $234,000. 45.81% of the shares are held by institutional investors and hedge funds.

A number of research analysts have recently commented on SOFI shares. Goldman Sachs Group began covering SoFi Technologies in a report on Tuesday, January 18. They issued a “neutral” rating and a price target of $16.00 on the stock. Credit Suisse Group raised its price target on SoFi Technologies from $16.50 to $19.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 17. Mizuho cut its price target on SoFi Technologies from $30.00 to $17.00 in a Tuesday, January 18 report. Wedbush began coverage of SoFi Technologies in a research note on Tuesday, January 18. They issued an “outperform” rating and a price target of $20.00 for the company. Finally, Bank of America began covering SoFi Technologies in a research note on Friday, February 11. They issued a “buy” rating and a price target of $17.00 for the company. Four equity research analysts gave the stock a hold rating and eight gave the stock a buy rating. According to MarketBeat, SoFi Technologies has an average rating of “Buy” and an average target price of $20.36.

SoFi Technologies Company Profile

SoFi Technologies, Inc provides digital financial services. The Company operates through three reportable segments: Lending, Financial Services and Technology Platform. Its financial services allow its members to borrow, save, spend, invest and protect their money. The company offers student loans; personal loans for debt consolidation and home improvement projects; and home loans.

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